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Home CompaniesHighwood Asset Management Ltd

Highwood Asset Management Ltd

Energy Oil & Gas E&P
PortfolioPortfolio WatchlistWatchlist
Company price
5.66 CAD -0.31 ( 5.19%)
Last update at 2026-11-04T20:07:00Z
VOLUME
4600
Market Cap
65.32M
P/E
3.14

Momentum Score

…

Highwood Asset Management Ltd., together with its subsidiary, operates as an oil and gas exploration and production company in Canada. The company owns 100% interest in the Wabsaca River Pipeline System, a crude oil pipeline with a capacity of 20,000 barrel per day located in Edmonton, Canada. It also holds lithium-brine project located in Drumheller, southcentral Alberta. The company was formerly known as Highwood Oil Company Ltd. and changed its name to Highwood Asset Management Ltd. in July 2021. Highwood Asset Management Ltd. was founded in 2012 and is headquartered in Calgary, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
5.66
Low
5.91
High
52 Week Price Range
3.50
Low
5.91
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Highwood Asset Management Ltd is a Canadian-listed investment manager offering asset management and advisory services. Long-term growth may be driven by expansion of assets under management, broader product distribution and performance-linked fee income, which could support scalable revenues and margins.

Key risks include limited publicly disclosed operational and financial information, small-cap liquidity constraints and client concentration that could amplify earnings volatility and complicate fundraising or growth.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
5.97
Dividend Yield
-
Revenue TTM
82.94M
Revenue Per Share
5.74
Gross Profit TTM
55.09M
Debt / Equity
-
ROE
15.17%
Net Debt
100.73M
ROCE
7.05%
Diluted EPS TTM
1.46

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 30.41M 36.54M 49.46M 2.96M -2.79M
Net income 21.71M 27.95M 46.14M 2.25M -2.32M
Selling general administrative 9.68M 8.75M 5.82M 3.23M 3.58M
Gross profit 58.61M 85.64M 27.98M 6.68M 9.18M
Reconciled depreciation 24.33M 25.92M 7.31M 0.50M 0.88M
Ebit - - - - -2.58M
Ebitda - - - 3.52M -1.82M
Operating income 20.00M 49.73M 11.11M 0.50M -0.12M
Other operating expenses - - - - 2.50M
Interest expense 7.48M 10.10M 4.34M 0.07M 0.10M
Tax provision 8.70M 8.59M 3.31M 0.71M -0.47M
Interest income 0.07M 0.09M 0.04M - -
Net interest income -8.49M -10.97M -4.59M -0.07M -0.16M
Total revenue 103.56M 141.38M 45.81M 8.13M 11.11M
Total operating expenses 83.56M 91.66M 34.70M 7.63M 11.22M
Cost of revenue 44.95M 55.74M 17.83M 1.45M 1.93M
Total other income expense net 18.91M -2.21M 42.94M 2.53M -2.51M
Net income from continuing ops 21.71M 27.95M 46.14M 2.25M -2.32M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 322.03M 292.13M 257.08M 16.84M 15.88M
Total liab 167.97M 160.04M 152.88M 6.14M 7.89M
Total stockholder equity 154.06M 132.09M 104.20M 10.70M 7.99M
Other current liab 2.10M 2.04M 1.60M - 0.06M
Capital stock 58.28M 60.85M 62.44M 16.56M 16.31M
Retained earnings 87.00M 65.30M 37.35M -8.80M -11.01M
Cash 4.56M 1.81M 2.29M 0.01M 0.00M
Total current liabilities 38.23M 41.40M 39.60M 2.41M 4.13M
Net debt 100.73M 88.91M 84.92M - 1.20M
Short long term debt - - 4.25M - 1.20M
Total current assets 36.49M 33.40M 29.50M 2.82M 2.57M
Net receivables 14.01M 24.23M 15.13M 0.75M 2.14M
Long term debt 105.30M 90.72M 82.96M - -
Accounts payable - - - - 2.80M
Non current assets total 285.55M 258.73M 227.58M 14.02M 13.31M
Capital lease obligations 0.21M 0.53M 0.79M 0.02M 0.09M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -66.67M -116.35M 0.54M 2.39M
Change to liabilities - - - - 0.00M
Net borrowings 13.70M 4.21M 76.27M - -
Total cash from financing activities 10.49M 0.41M 102.26M -1.13M -6.03M
Net income 21.71M 27.95M 46.14M 2.25M -2.32M
Change in cash 2.75M -0.48M 2.28M 0.13M -5.80M
Begin period cash flow 1.81M 2.29M 0.01M -0.12M 5.67M
End period cash flow 4.56M 1.81M 2.29M 0.01M -0.12M
Total cash from operating activities 56.40M 65.78M 16.38M 0.72M -2.16M
Issuance of capital stock - 0.00M 35.00M - -
Depreciation - - - - 1.62M
Sale purchase of stock -2.67M -1.80M -1.00M - -
Change to netincome - - - - -0.06M
Capital expenditures 60.63M 66.48M 18.77M 2.04M 0.27M
Change in working capital 10.52M -3.36M 2.50M -0.80M -1.40M
Stock based compensation 2.06M 1.74M 0.42M 0.46M 0.55M
Other non cash items 0.18M 0.45M -37.45M 0.19M 0.66M
Free cash flow -4.24M -0.71M -2.39M -1.32M -2.43M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HAM
Highwood Asset Management Ltd		 -0.31
5.19%		 5.66 3.14 5.47 0.79 0.41 1.59 2.64
LGN
Logan Energy Corp		 0.01
1.01%		 1.50 15.00 14.99 3.80 1.96 3.98 5.87
RECO
Reconnaissance Energy Africa Ltd		 -0.02
3.85%		 0.50 - - 10.07 2.29 11.64 -7.57
CEI
Benchmark Metals Inc		 0.01
0.75%		 0.68 - 27.03 23.27 2.66 20.42 1369.65
EOG
Eco Atlantic Oil & Gas Ltd		 0.02
2.56%		 0.80 - 1.05 145.60 16.68 158.20 -25.23

Profile*

Highwood Asset Management Ltd

Highwood Asset Management Ltd., together with its subsidiary, operates as an oil and gas exploration and production company in Canada. The company owns 100% interest in the Wabsaca River Pipeline System, a crude oil pipeline with a capacity of 20,000 barrel per day located in Edmonton, Canada. It also holds lithium-brine project located in Drumheller, southcentral Alberta. The company was formerly known as Highwood Oil Company Ltd. and changed its name to Highwood Asset Management Ltd. in July 2021. Highwood Asset Management Ltd. was founded in 2012 and is headquartered in Calgary, Canada.

1100, 250 ? 2nd Street SW, Calgary, AB, Canada, T2P 0C1

403-719-0499

https://highwoodmgmt.com

17

Name Title Year Born
Mr. Gregory A. MacDonald Pres, CEO & Director 1980
Mr. Chris Allchorne Interim CFO & Sec. NA
Mr. Kelly J. McDonald B.Sc., P. Geol. VP of Exploration NA
Mr. Joel A. MacLeod Executive Chairman 1979
Mr. Gregory A. MacDonald President, CEO & Director 1980
Mr. Chris Allchorne CFO & Secretary NA
Mr. Kelly J. McDonald B.Sc., P. Geol. Vice President of Exploration NA
Mr. Ryan Petkau Vice President of Operations NA
Mr. Joshua R. McDonald Geological Manager NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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